Advanced Micro's Mixed Earnings Results Add Fuel To Direxion's AMD-Focused Bull And Bear Funds
1. AMD reported $7.69 billion in revenue, exceeding expectations by $280 million. 2. Earnings per share at 48 cents missed consensus by 1 cent. 3. Data Center segment revenue grew 14% year-over-year; Client and Gaming surged 69%. 4. Export controls led to $800 million charges, affecting gross margins significantly. 5. Despite initial decline, AMD stock rebounded 6% on following trading session.